5421 Ash St - Apartments FOR SALE


Los Angeles, CA 90042- Highland Park
$2,600,000 USD
310-742-9964
5421 Ash St, Los Angeles, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/2
null | 4.46% Cap Rate

5421 Ash St
Los Angeles, CA 90042
Highland Park


HIGHLIGHTS

  • Best in Class Highland Park Location-Three blocks to Figueroa Retail Corridor
  • Attractive $130,000 price per unit for Highland Park—one of the lowest PPU on the market
  • Over 69% upside through proactive management
  • Attractive unit mix of studio and 1 bedroom floorplans appeals to Highland Park’s creative community
  • ADU Potential Trough Converting a Storage Shed in the Rear

OVERVIEW

Walker & Dunlop, as exclusive advisor, is pleased to present Ashlee (the “Property”) for sale a 20-unit, 1920’s-character apartment building. The Property is situated in a low-density street across from Vista Street Elementary School, blocks from the Figueroa Street Retail Corridor. Residents at Echo are provided with the benefits of living in a quiet, affluent neighborhood while having premium walkability to over 2.5 miles of retail with modern destinations such as the Highland Bowl. Homes in the immediate area have seen a surge in value over the recent years, and as the demographic elevated, so have the stores along Figueroa Street which is now home to an authentic blend of mom-and-pop vendors and specialty stores, artisan cafes and restaurants, and unique specialty stores that appeal to the growing base of affluent residents.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

20

PRICE/UNIT

$130,000

CAP RATE

4.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Park Value-Add | 20 Units | $130K/u

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

LARD2

APN/PARCEL ID

5469-029-021

ASK ABOUT THIS PROPERTY

Paul DarrowWalker & DunlopMore Info
310-742-9964

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Paul DarrowWalker & DunlopMore Info
310-742-9964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.